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WeWork – The $47 Billion Disaster
Video

WeWork – The $47 Billion Disaster


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Editorial Rating

7

Qualities

  • Overview
  • Background
  • Engaging

Recommendation

Investors are always hunting for unicorns – that is, start-up companies valued at $1 billion or more before going public. US commercial real estate company WeWork amassed unicorn-grade hype, but behind the smoke and mirrors it had a flawed business model and an erratic, volatile CEO. In a fascinating story clearly told, documentarian Dagogo Altraide examines WeWork’s precipitous fall from grace, a catastrophe that may forever shift how the market views IPOs.

Take-Aways

  • Since its inception, WeWork has raised $14.2 billion in venture capital.
  • When WeWork filed public financial disclosures in preparation for a September 2019 IPO, investors noticed some unsettling discrepancies.
  • The undoing of WeWork ends the allure of investing in unicorn companies.

About the Speaker

Dagogo Altraide is the founder and editor of ColdFusion TV, a YouTube channel that creates business documentaries.